Cabinet agrees to reduce gas flaring policy

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Council of Ministers decided in its meeting held today to approve the Oil Ministry's policy to reduce gas flaring, according to the objectives set in the strategic energy special session.

Information Office of the Prime Minister Haider al-Abadi, said that "the Council also decided to allocate the necessary funds for this goal, including the benefit from the World Bank loan for budget support."

He continued, "as the Council of Ministers approved the formation of a ministerial committee composed of the ministers of oil, finance and electricity shall prepare a plan to take advantage of gas in power generation, as well as to approve the recommendation of the Committee on Economic Affairs to improve equality of opportunity between the government and private banks."